Cyber Monday saleUp to 70% OFF
British Pound / Australian Dollar
Long

GBP/AUD Broken Head and Shoulders - Entry

By paulmcguffog
Updated
Head and shoulders pattern on the daily chart. Now currently pulling back. Awaiting break of trendline on H1 chart to enter. Possible 1000 pip plus move to be had over the next couple of months (hopefully).
Note
Nice hammer candle on H4. Could go Short at the break of this
Note
Price starting to get congested around the TL now. A 1 min head and shoulders pattern has formed with the well defined trend line as it’s neckline.
Note
Still waiting for a solid H1 TL break with volume !!!
ANDbreakChart Patternsgbp-audHEADshoulders
paulmcguffog

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.